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302 Kings RD Newport Beach, CA 92663
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Key Details
Sold Price $1,445,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,624 sqft
Price per Sqft $550
Subdivision Kings Road (Kgrd)
MLS Listing ID NP20189345
Sold Date 10/30/20
Bedrooms 3
Full Baths 3
HOA Y/N No
Year Built 1950
Lot Size 7,405 Sqft
Property Description
Possible harbor turning basin and ocean view from a new second story. Garage access off cul-de-sac in rear shared by 10 homes so not necessary to add a driveway to the front of the property. This property is on Irvine Company leased land. Purchase price for the land is $1,685,250 -- good until Oct. 1, 2020. Lease ends 9/30/2038. Yearly lease amount is $10,400. Property is reappraised every quarter. That would be a separate escrow with the Irvine company. Sellers are selling the assumption of the lease, improvements (the house/tear down) and the option to purchase the land for $1,445,000. The home and the land prices together total $3,130,250. Being sold as is with no repairs or warranties by seller.
All cash buyer is requested as the home may not be suitable for financing due to the condition.
Location
State CA
County Orange
Area N6 - Newport Heights
Rooms
Main Level Bedrooms 3
Ensuite Laundry In Garage
Interior
Interior Features All Bedrooms Down
Laundry Location In Garage
Heating Central
Cooling None
Fireplaces Type None
Fireplace No
Laundry In Garage
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Curbs
View Y/N Yes
Attached Garage Yes
Total Parking Spaces 2
Private Pool No
Building
Lot Description Irregular Lot, Tear Down
Story 1
Entry Level One
Sewer Sewer Tap Paid
Water Public
Level or Stories One
New Construction No
Schools
School District Newport Mesa Unified
Others
Senior Community No
Tax ID 04920116
Acceptable Financing Cash, Court Approval
Listing Terms Cash, Court Approval
Financing Cash
Special Listing Condition Trust
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Bought with Manny Stellino • Villa Real Estate
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